Business Liability

Let’s explore the different types of business liability coverage, with a focus on General Liability (GL) and Business Owner’s Policy (BOP):

  1. General Liability Insurance (GL):
    • What It Covers:
      • GL insurance protects your business if it’s sued for causing harm or damage to someone else or their property.
      • It covers medical expenses, property repairs, legal costs, and settlements up to the policy limit.
    • Examples:
      • A customer slips on a loose tile in your store and gets injured. GL insurance can cover their medical costs.
      • If your product is defective and needs a recall, product liability insurance (a subset of GL) can cover those expenses.
      • It’s essential for most businesses to have GL coverage.
  2. Business Owner’s Policy (BOP):
    • What It Is:
      • A BOP combines several essential coverages into one package, tailored for small and medium-sized businesses.
      • Typically includes general liability, property insurance, and business interruption coverage.
    • Benefits:
      • Cost-Effective: BOP bundles coverages, often at a lower cost than purchasing them separately.
      • Comprehensive Protection: It covers property damage, bodily injury, and business interruption due to covered events.
      • Simplified Management: One policy streamlines administration for busy business owners.

Remember, understanding your specific business needs is crucial to creating policies with the correct coverage.

“Ensuring Comprehensive Business Protection: Certificates of Insurance (COIs) Delivered Promptly”

At the Green Insurance Agency, we recognize the critical role that business liability coverage plays in safeguarding your enterprise. As seasoned experts in crafting tailored liability policies, we appreciate the significance of Certificates of Insurance (COIs).

Rest assured that when you choose our services, you’ll receive your COI promptly—either same day or within a 24-hour window, guaranteed. Trust us to provide efficient, reliable, and professional service for your business needs. 🏢🔒